2007 (12) TMI 70

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....irement of predeposit is waived and the appeal itself is taken up for disposal. The appellants M/s. Dattatreya Textiles Pvt. Ltd., Madurai had availed capital goods credit of Rs.10,242/- during 2003-04 and 2004-05. The goods received were resin bonded insulation material for use in the humidification plant of the factory for bonding its roof. The lower authorities denied credit to the impugned ite....

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....ings of the Commissioner (Appeals). 4. I find that the impugned item is used as insulation material in the humidification plant for bonding its roof. Obviously, the said item is an accessory to the humidification plant to enhance its efficiency or to increase its life. As per the definition in Rule 2 of CCR, 2002, accessories to capital goods are also eligible for capital goods credit. Humidifi....